Execs In The Know- A Global Network of Customer Experience Professionals

Tag Archives: Millenials

Customer Service: Dealing With Increased Expectations

The following post is a guest blog from Inbenta

Two seconds is a long time in the online world. In that time, Google will process around 100,000 search queries, global users will send more than 4.5 million emails, and nearly 60 million Whatsapp users will receive a message.

However, it is not a long time if you are an online retailer. According to a recent study, two seconds is all a customer needs before they give up on your website. The picky customer just got pickier.

The customer is still king

It won’t surprise you that the online market is leaving its high street competitors in the dust when it comes to being the preferred shopping method for customers. What is interesting is that the ‘tech savvy’ Millennials are not the only ones choosing to shop with their feet up.

In fact, according to research from KPMG, Generation X consumers (those born between 1966 and 1981) made more online purchases than any other age group while Baby Boomers (1946-1964) spent more on average per transaction. Putting all your eggs in the Millennial basket might not be such a good idea after all.

This is especially the case when you consider what the different generations of customers value within a company. While 59% of consumers would try a new brand for a better service experience, younger consumers are keen to be treated as unique individuals and so prefer companies which offer personalized promotions and an ability to anticipate what they want. When you have two mouths with different tastes to feed, how do you keep them both satisfied with the same meal?

The obvious solution is to ramp up your customer service team to kill two birds with one stone. The problem is that to maintain your profit margins and pay the extra salaries on your books, you will have to push prices up. Obviously, that is not a wise move in an increasingly crowded market.

Of course, you could decide to accept that you will lose some customers and choose instead to target new ones who are willing to pay a premium for a better experience. But according to the White House Office of Consumer Affairs, it is 6-7 times more costly to attract a new customer than it is to retain an existing one. Continue reading

CRS Vegas – Customer Engagement LIVE! Executive Summary

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The following is a guest blog post from Greg Sherry, Vice President Marketing at Verint. For more information about Verint, visit their website

Thank you for taking part in Verint’s interactive general session at Customer Response Summit Las Vegas called “Customer Engagement LIVE!”  where we broke into discussion groups for interactive discussions and summary read back presentations. Here are some of the recommendations we heard from the groups as part of the breakout group notes and read backs:

What’s Old Is New Again. When is the last time you received a handwritten note or personal email from a business you engage with? It was memorable, wasn’t it? Think of ways you can incorporate genuine, personalized touches with customers. The strategy can be scalable: one “wow” moment can generate genuine delight and powerful word-of-mouth amplification.

Think Mobile. Do you have a mobile strategy? The need is clear: provide information, customer support, “wow” moments via mobile channels. But be careful: consumers often have limited ability to “digest” content you are sharing with them (because they are at the airport, walking, at home, multi-tasking), so be sure your content and communications are as short and to-the-point as you can.

Establish a common knowledge base across all channels to ensure consistent response. One company recognized the need to consolidate contact center systems to a single agent desktop. Customer service agents had difficulty serving customers in a timely manner and providing accurate information because information resided in 13 disparate systems. By consolidating all the systems into one agent desktop view, the company quickly reduced agent average handle time (AHT) and saw increased customer engagement scores. The unified access to the applications and information also increased employee productivity and helped provide a personalized experience for customers. Continue reading

Why IVR? Why Now?

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The following is a guest blog written by Abhay Prasad, Senior Director, Product Management, Self-Service, at Aspect. Learn more about Aspect by visiting their website.

Did you know your customers probably don’t want to talk to you?

This is one of the surprising discoveries we made while conducting primary consumer research on customer service preferences across generational groups, including Millennials. Instead of talking to an agent, 70% of Americans would rather solve product and service issues themselves and 91% would use self-service if it were available. And the demand for self-service is growing. This year, 42% of survey respondents told us they would rather do just about anything else (like clean a toilet) than talk to customer service – a 27% increase over last year’s survey results.

By tapping into consumer’s preferences for self-service options, businesses stand to save millions of dollars in operational costs, but only when self-service is convenient, appealing and customer-focused. IVRs, which have been considered a mainstay of customer self-service for years, are designed more to keep customers from reaching an agent than to help them resolve their issue in an efficient manner. As a result, most customers who find themselves in an IVR will do their best to find their way out again.

There IS a better way to meet customers’ self-service needs. In fact, we can think of at least eight better ways. Here are two of our favorites: Continue reading